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White House announces $16.4 billion in new funding for 25 passenger rail projects on Amtrak’s Northeast Corridor (www.whitehouse.gov)

submitted 1 year ago by [email protected] to c/boston

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cross-posted from: https://sh.itjust.works/post/8638019

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[–] grue 5 points 1 year ago (1 children)

Who the fuck cares about "repayment?" Government services are supposed to provide societal good and compensate for market failures, not turn a profit.

[–] [email protected] 2 points 1 year ago (1 children)

I think it should be fully publicly owned, but OP said investors should get together to compete with Amtrak, and those investors ostensibly want repaid.

[–] [email protected] 1 points 1 year ago (1 children)

No, I meant amtrak can invest in itself. Taxpayer money shouldn't be used to enrich corporations. Unless we're buying shares and getting some control, perhaps.

[–] Sandbag 1 points 1 year ago

You do know Amtrak is not a private company, right?